Confirmation Deposit - All full-time students who have been notified of their admission to Lycoming College are required to make a $200 Confirmation Deposit to confirm their intention to matriculate. The Deposit is held until Graduation or until voluntary permanent termination of enrollment, at which time any remaining balance is refunded after all debts to the College have been satisfied.

Resident students must remit an additional $100 Room Reservation Deposit. The room deposit is applied against the comprehensive fees billed for the first semester of attendance.
Both the Confirmation and Room Reservation Deposits are refundable prior to the start of the first semester of attendance if the official withdrawal date is not later than May 1.

Enrollment Deposit — A non-refundable enrollment deposit of $100 is required of all current full and part-time degree-seeking students each spring in order to pre-register for the subsequent fall semester courses and/or to participate in the annual room selection process. This deposit is applied against the fall semester bill.

For the convenience of those who find it impossible to follow the regular schedule of payments, arrangements may be made with the College Bursar for the monthly payment of College fees through various educational plans. Additional information may be obtained from the Treasurer's Office or Admissions Office.

Students wishing to withdraw from the College during the semester should meet with the Associate Dean of the College or the Assistant Dean for Freshmen to ensure that student financial and academic records are properly closed. The effective date of calculating refunds shall be: the date, as determined by the institution, the student began the withdrawal process or provided official notification to the institution of his or her intent to withdraw; the midpoint of the payment period or period of enrollment if the student dropped out without notifying the institution; or the date, as determined by the institution, that the student withdrew due to illness or accident.

Students withdrawing will receive a prorated refund for tuition, fees, room and board, less an administrative fee of $100 and any unpaid charges, according to the following schedule:

Comparative schedules apply to the May and Summer terms.

The U. S. Department of Education requires that, for any student receiving federal financial aid, the federal programs be refunded IN FULL in the following order: Unsubsidized Federal Stafford Loan, Subsidized Federal Stafford Loan, Federal Perkins Loans, Federal PLUS Loans, Federal Pell Grants, FSEOGs, other SFA Programs, and other federal, state, private, or institutional sources of aid prior to any refund being issued to the student. See Federal Funds Withdrawal Policy for further explanation on return of Federal Funds. State Grant programs have varying regulations concerning refunds, but most will require at least a partial refund of the State Grant. If the student has received a Lycoming Grant, a pro-rated portion of the student’s refund also will be repaid to the Lycoming Grant program. This will reduce, or in many cases eliminate, the amount of the refund the student otherwise would receive. Detailed examples are available from the Financial Aid Office.

Full-time students who, after reducing their course loads, continue to be enrolled for 12 to 16 semester hours are not eligible for a refund of tuition for an individual course. Students who register for extra hours in excess of 16 hours per semester and who later reduce their loads will be refunded the fee charged for overloads according to the above schedules. Students who enroll full-time and subsequently assume part-time status by reducing their loads below 12 hours, and part-time students who drop individual courses, will be refunded according to the above schedules for the semester hours dropped. The assumption of part-time status normally involves a substantial reduction of financial aid since most financial aid programs do not extend eligibility to part-time students.

The calculated refund will be reduced by unpaid charges. Any balance remaining will be billed to the student. Unpaid student account balances will be charged interest at the rate of 1% per month on the month end balance until account is paid in full. Should legal collection become necessary, all costs of collection will be added to the balance due.

1. Stafford, PLUS and Perkins loans, Pell Grant and SEOG

2. A student is not eligible for a Title IV refund if he or she receives an "incomplete" status for coursework that can be, and is expected to be completed within a reasonable timeframe after the end of the billing period. lease refer to the college catalog for "incomplete" coursework deadlines.

3. Total disbursed federal financial aid includes aid that was disbursed and aid that could have been disbursed as of the student’s withdrawal date.

The student’s share is the difference between the unearned Title IV funds and the college’s share. The college’s share is allocated among the Title IV programs in the following order of return:

Federal Unsubsidized Stafford Loan
Federal Subsidized Stafford Loan
Federal PERKINS Loan
Federal PLUS Loan
Federal Pell Grant
Federal SEOG
Other Title IV assistance for which a return of funds is required

Students will not be registered for courses in a new semester if their accounts for previous attendance have not been settled. Diplomas, transcripts, and certifications of withdrawals in good standing are issued only when a satisfactory settlement of all financial obligations has been made in the Business Office. Final grades may also be held in some cases. Unpaid student accounts will be charged interest at the rate of 1% per month on the month-end balance until accounts are paid in full. Should legal collection become necessary, all costs of collection will be added to the balance due.

Lycoming College is committed to helping students and families meet college costs. While some assistance is available to students regardless of need (merit scholarships), the primary purpose of the College’s financial aid program is to help qualified students of limited financial resources attend Lycoming College. Scholarships may be awarded on the basis of merit and/or need, while grants are provided solely on the basis of financial need. Long-term educational loans with favorable interest rates and repayment terms are available, as are part-time employment opportunities.

It is important to submit financial aid applications after January 1st, as appropriate income information becomes available, but by April 15. Although applications may be filed later, applicants can only receive consideration for remaining available funds.
To be considered for financial aid, students and families must complete the following steps for each year the student seeks assistance:

Financial aid eligibility is substantially reduced for students who are charged less than full-time tuition. Credit is earned for some courses which are offered at no charge, including choir, band, theatre practica and all scholar seminars. Therefore, these credits would not be counted in the full-time tuition calculation. For financial aid purposes, a full-time student is enrolled in 12-16 billable semester hours.

Students who fail to successfully complete the minimum number of credits and/or who fail to meet the minimum cumulative GPA requirement will be placed on financial aid probation. This allows one additional semester of course work to bring the academic record up to minimum standards. Failure to meet the stated minimum after the probation period will result in a suspension of all (federal, state, and institutional) financial aid until the standards are met.
Financial aid satisfactory progress is measured annually and cumulatively by the Office of Financial Aid. Official notification of probation or suspension is made by the Office of Financial Aid. Students wishing to appeal his or her suspension of aid, and who have legitimate reason for doing so (e.g. illness), must put their request in writing to the Director of Financial Aid at least four weeks prior to the start of the semester for which the exception is sought. Students placed on Financial Aid Probation for a period of two (2) consecutive semesters, and who have therefore been granted an appeal after the first probation semester, are prohibited from future appeals. If the student fails to attain the minimum standards after the second semester of probation, eligibility for financial assistance will be cancelled automatically.

Acceptance of an appeal is only valid for determining eligibility for financial assistance and has absolutely no bearing on any determination made by the Registrar and/or the Committee on Academic Standards.

Lycoming Grants may be awarded to students to help meet their documented financial need. Renewal requires continued financial need as determined by Federal Methodology and/ or the financial aid director. Students should expect the Grant award to remain constant for each semester they are enrolled.

Ministerial Grants are awarded to dependent children of United Methodist ministers and ordained ministers of other denominations.
This grant amounts to 33% of tuition for children of United Methodist ministers in the Central Pennsylvania Conference and 25% of tuition for all others. Students meeting the criteria for this grant and any other Lycoming Scholarship(s) will be awarded the scholarship(s)/grant that provides the highest dollar amount; both will not be awarded.

Pre-Ministerial Student Grants of up to 25% tuition are awarded to students preparing for the Christian ministry. Students must complete a pre-ministerial grant application available through the financial aid office. Students meeting the criteria for this grant and any other Lycoming Scholarship(s) will be awarded the scholar-ship(s)/grant that provides the highest dollar amount; both will not be awarded.

Lycoming Campus Employment Program is similar to Federal Work-Study except that students are paid with institutional funds only and is not based on financial need. A limited number of jobs are available. Funding is limited.

Other Job Opportunities are frequently available with local business firms or persons. Contact the Career Development Office of the College for information on these opportunities.

Tuition Exchange Grants may be available. Lycoming College is a member of both the Tuition Exchange Program and the CICU Tuition Exchange Program. These programs are for dependent students of employees at participating institutions of higher education. Students should contact the Tuition Exchange officer at their sponsor institution for information regarding sponsorship. Students are expected to apply for all federal and state grants. If the student receives a federal or state grant, those amounts may be applied toward room and board charges if the student resides in the dorms. If the student commutes, the grant amount is equal to tuition less federal and state grants.

United Methodist Scholarships may be available to full-time degree-seeking applicants who have a cumulative GPA of 3.00 or better, are active in Christian activities, and who are active, full members of a United Methodist church. Demonstrated financial need is also required. Normally, seven $500 scholarships are awarded each year. Annual application is required. Recipients are selected by the Director of Financial Aid and will be awarded to the neediest students. The funds are provided by the United Methodist Church. Applications are available in the Financial Aid Office. Renewal requires a cumulative GPA of at least 3.00.

United Methodist Student Loans are available on a very limited basis to students who are members of the United Methodist Church. The maximum amount which may be borrowed for an academic year is $2,500 subject to the availability of the funds. Contact The Board of Higher Education and Ministry, P.O. Box 871, Nashville, TN 37202 for more information.

Non-college Aid Opportunities are often available through family employers or labor unions, business firms, fraternal and religious organizations, and secondary schools. Your parents should contact their employer or organizations of which they are members for information on financial aid resources.